Samsung confident in 2021 profits

Samsung building in Milan, Italy.

Despite the chip shortage, Samsung is expecting a 52% in profits.

Due to the high demand in the last three months of 2021, the group is expected to make 13.8tn won (£8.5bn).

The company is likely to benefit from currency fluctuations. Shares in Samsung rose 2% on opening.

“Samsung is well placed to profit from the record-breaking demand for PCs and electronics,”  said analyst Sam Reynolds.

“The Korean won continues to depreciate, making Korea’s exports more attractive on the global market.”